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    DTAA Declaration NRI With Tax Residency Certificate

    Uploaded by

    Sandeep Jamwal
    1. The document is a DTAA declaration made by an individual to HDFC Limited stating their tax residency status and eligibility for lower/nil tax rates under the India-[COUNTRY] Double Taxation Avoidance Agreement. 2. The individual declares that they are a tax resident of [COUNTRY] as per Article 4 of the DTAA between India and [COUNTRY], and do not have a permanent establishment in India. 3. The individual is providing this declaration to receive interest payments from HDFC Limited at the concessional tax rates provided under the Article on Interest in the India-[COUNTRY] DTAA.

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    DTAA Declaration NRI With Tax Residency Certificate

    Uploaded by

    Sandeep Jamwal
    313 views1 page
    1. The document is a DTAA declaration made by an individual to HDFC Limited stating their tax residency status and eligibility for lower/nil tax rates under the India-[COUNTRY] Double Taxation Avoidance Agreement. 2. The individual declares that they are a tax resident of [COUNTRY] as per Article 4 of the DTAA between India and [COUNTRY], and do not have a permanent establishment in India. 3. The individual is providing this declaration to receive interest payments from HDFC Limited at the concessional tax rates provided under the Article on Interest in the India-[COUNTRY] DTAA.

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    1. The document is a DTAA declaration made by an individual to HDFC Limited stating their tax residency status and eligibility for lower/nil tax rates under the India-[COUNTRY] Double Taxation Avoidance Agreement. 2. The individual declares that they are a tax resident of [COUNTRY] as per Article 4 of the DTAA between India and [COUNTRY], and do not have a permanent establishment in India. 3. The individual is providing this declaration to receive interest payments from HDFC Limited at the concessional tax rates provided under the Article on Interest in the India-[COUNTRY] DTAA.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    313 views1 page

    DTAA Declaration NRI With Tax Residency Certificate

    Uploaded by

    Sandeep Jamwal
    1. The document is a DTAA declaration made by an individual to HDFC Limited stating their tax residency status and eligibility for lower/nil tax rates under the India-[COUNTRY] Double Taxation Avoidance Agreement. 2. The individual declares that they are a tax resident of [COUNTRY] as per Article 4 of the DTAA between India and [COUNTRY], and do not have a permanent establishment in India. 3. The individual is providing this declaration to receive interest payments from HDFC Limited at the concessional tax rates provided under the Article on Interest in the India-[COUNTRY] DTAA.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    DTAA DECLARATION

    (Valid only if accompanied with Tax Residency Certificate)


    To,
    HDFC Limited
    India

    I, ____________________________________________ _______________son/daughter/wife of
    _________________________________________aged _________ years, presently residing at
    ____________________________________________________________________ (Complete address) do
    hereby solemnly declare and affirm on oath as follows:

    1. I am a resident/domiciled in ____________ as referred to under Article 4 of the Double Taxation


    Avoidance Agreement entered into between India and ___________which is my country of tax residence
    and I do not have any permanent establishment in India as per DTAA entered. I am attaching my Tax
    Residency Certificate (TRC) herewith in support of this declaration.
    2. I am not a resident of India in terms of the Treaty for the financial year _____________.
    3. I am the beneficial owner of the investments made by me in India/ income receivable by me from
    such investments in India.
    4. The amount receivable is towards interest and falls under the head “Interest” under Article _____ of
    the Treaty.
    5. The place of assessment of my world income is______________.
    6. I undertake to promptly inform the HDFC Ltd. in writing should there be any change in facts given
    above, including but not limited to change in tax residential status, nature of holding of income, etc.
    7. I grant irrevocable exclusive right to HDFC Ltd. to recover the tax and other charges arising on
    account of change in facts mentioned in point 6/change in tax laws or interpretations thereof from any
    amounts due to me, or, otherwise, at the discretion of HDFC Ltd. I undertake to pay on demand by
    HDFC Ltd. any shortfall between the amounts recovered by HDFC Ltd. and the amount payable by me
    and indemnify and hold HDFC Ltd. harmless from any loss on account of the change of facts.
    8. In the event there is any income tax demand (including interest, charges or levies) raised in India in
    respect of these amounts we undertake to pay the demand forthwith and indemnify and hold HDFC
    Ltd. harmless from any income tax demand (including interest, penalty, charges or levies) raised in India
    on the HDFC Ltd. on account of any misstatement / misrepresentation/ errors of omission or
    commission by me or any other person, and provide HDFC Ltd. with all information/documents that
    may be necessary for any proceedings before Income-tax / Appellate Authorities in India.
    9. I also undertake to provide, if applicable, a fresh tax declaration to the HDFC Ltd. for every financial
    year, before the first interest due date for deposit placed with HDFC Ltd. I confirm that my delay or
    failure to provide such fresh tax declaration will allow the HDFC Ltd. to apply the income tax rate
    provided in the Indian Income-tax Act, 1961 ignoring the lower rates in the tax treaty. My claim, if any,
    for refund of excess Indian income tax, if any, will lie directly against the Indian income tax department,
    Ministry of Finance, Government of India and the HDFC Ltd. will not be liable for the same in any
    manner.

    I confirm that, I have read and understood the provisions of the Double Taxation Avoidance Agreement
    between India and ________(country of residence) including the Articles 1, 2, 4 and _____(Article on
    Interest) of the Treaty, copy of which has been made available to me.

    I, ________________ (name and address), hereby declare that the contents above are correct, complete
    and truly stated.

    Signature :

    Name : Customer ID :

    PAN : __ (Indian Income Tax Permanent Account Number)

    Place : Date :

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